Netflix shares resist SMAs and rise - analysis 02-08-2016

Nike shares ended Monday trades slightly lower (-0.09 point) or (-0.16%) of the previous closure passing 56.90 level to face the support level 55.50 support, comes after it fell reaching the support 51.40 that coincided with the channel support, as the price moved within a bearish channel during the previous trades.

PFIZER shares ended Monday trades higher by (0.42 point) or (1.14%) of the previous closure pass 36.45 resistance as the highest recorded price during the weeks before and also to pass the channel’s resistance shown above trying to reach the next resistance 37.35, comes after the price traded below the channel’s bottom line reaching the support level 33.95 that coincided then with the SMA 100 to push the price up again trading within the bullish channel range above 43.65 level, comes after it rose during the previous short trades reaching 34.65 resistance level after facing the channel’s support with the SMA 50.

Symantec Corp ended trades on Monday higher by (0.12 point) point or (0.59%) from the previous closure after facing to the support level 19.90 after the price continued its bullish movement during the previous trades to trade above 19.90 level, after falling from 21.50 resistance, comes after the previous decline during the med-long periods which reached to the support level of 16.50, to rebound from this support passing 17.95 level during the previous near trades with the price passing the SMA 100, leading the price for a continuous bullish movement caused the passing of 19.90 level to reach 21.50.90 resistance by the end of last week trades.